Hewlett Packard Enterprise (NYSE:HPE) Receives Average Rating of “Hold” from Brokerages

Shares of Hewlett Packard Enterprise (NYSE:HPEGet Rating) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.95.

HPE has been the topic of a number of recent analyst reports. Raymond James reiterated an “outperform” rating and issued a $19.00 price objective (down previously from $20.00) on shares of Hewlett Packard Enterprise in a research report on Tuesday, June 21st. Barclays reduced their target price on Hewlett Packard Enterprise from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. Bank of America cut Hewlett Packard Enterprise from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $16.00 in a research note on Friday, May 20th. JPMorgan Chase & Co. cut their target price on Hewlett Packard Enterprise from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded Hewlett Packard Enterprise from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $16.00 in a report on Tuesday, June 14th.

Hewlett Packard Enterprise Stock Up 4.7 %

Hewlett Packard Enterprise stock opened at $13.78 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. Hewlett Packard Enterprise has a 12-month low of $12.40 and a 12-month high of $17.76. The firm’s fifty day moving average is $14.26 and its 200 day moving average is $15.71. The company has a market capitalization of $17.90 billion, a PE ratio of 4.96, a PEG ratio of 2.93 and a beta of 1.17.

Hewlett Packard Enterprise (NYSE:HPEGet Rating) last released its quarterly earnings data on Wednesday, June 1st. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.80 billion. Hewlett Packard Enterprise had a return on equity of 19.01% and a net margin of 13.28%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, sell-side analysts predict that Hewlett Packard Enterprise will post 1.21 EPS for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, June 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, June 10th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 17.27%.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, EVP Thomas E. Black, Jr. sold 28,347 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $15.26, for a total value of $432,575.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Alan Richard May sold 94,705 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $15.08, for a total transaction of $1,428,151.40. Following the transaction, the executive vice president now directly owns 310,500 shares in the company, valued at approximately $4,682,340. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Thomas E. Black, Jr. sold 28,347 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $15.26, for a total transaction of $432,575.22. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of Hewlett Packard Enterprise

Several large investors have recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its holdings in Hewlett Packard Enterprise by 155.9% in the fourth quarter. Financial Management Professionals Inc. now owns 1,617 shares of the technology company’s stock worth $26,000 after purchasing an additional 985 shares during the period. Elmwood Wealth Management Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $28,000. DeDora Capital Inc. bought a new position in shares of Hewlett Packard Enterprise in the first quarter valued at approximately $30,000. Delos Wealth Advisors LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $33,000. Finally, Evoke Wealth LLC boosted its holdings in shares of Hewlett Packard Enterprise by 125.0% in the fourth quarter. Evoke Wealth LLC now owns 2,221 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,234 shares in the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

Hewlett Packard Enterprise Company Profile

(Get Rating)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem and HPE Synergy; and solutions for secondary workloads and traditional tape, storage networking, and disk products, such as HPE Modular Storage Arrays and HPE XP.

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Analyst Recommendations for Hewlett Packard Enterprise (NYSE:HPE)

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